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$399,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • 3 Car Garage
  • Updated 54 minutes ago
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Attention investors and savvy buyers-look no further for your next cash-flowing machine in Elgin! Perfectly situated near local schools, parks, and shopping, this outstanding multi-unit property is the ideal turnkey investment or ultimate house-hacking opportunity. The main level offers a bright 2-bedroom, 1-bathroom unit, mirrored by a second 2-bedroom, 1-bathroom unit upstairs, while a full basement provides exceptional potential to generate extra rental income. Adding even more value is a massive garage and workshop, perfect for contractor storage or an additional stream of revenue. Properties with this much upside at this price point are a rare find, so schedule your showing today before this incredible deal slips away!

Full Property Details for 642 E Chicago St

General

  • Price: $399,900
  • Taxes: $6,845 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12731445

Interior

  • Basement: Partially

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 4

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Total Spaces: 13
  • Parking Features: Yes, Garage Owned, Detached, Driveway, Garage

Location

  • Area: Elgin
  • County: Kane
  • Township: Elgin
  • Driving Directions: N on 25 E on 19 to home

School Information

  • School District: 46
  • Elem School District: 46
  • Midd School District: 46
  • High School District: 46

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Aluminum Siding, Vinyl Siding, Cedar
  • Exterior Const.: Aluminum Siding, Vinyl Siding, Cedar
  • Basement: Yes
  • Basement Desc.: Partially Finished, Full
  • Year Built: 1900
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 16335

Financial Considerations

  • Assessment Year: 1900
  • Tax Amount: $6,845
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 613282014

Listed by O'Neil Property Group, LLC

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Listing agent

— 642 E Chicago St —

  • O'Neil Property Group, LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 642 E Chicago St

School District:School District U-46
NameGradesDistance
Lords Park Elementary School
323 Waverly Drive, Elgin, IL 60120
K-60.9 mi
Ellis Middle School
225 South Liberty Street, Elgin, IL 60120
7-80.3 mi
Elgin High School
1200 Maroon Drive, Elgin, IL 60120
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 642 E Chicago St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,845
—
$97,721
9%
2025
$6,845
10%
$90,008
11%
2023
$6,250
14%
$81,315
18%
2022
$5,474
5%
$69,129
7%
2021
$5,231
—
$64,631
5%
2021
$5,231
6%
$61,700
5%
2019
$4,929
3%
$58,773
12%
2017
$4,767
5%
$52,343
8%
2016
$4,539
2%
$48,560
9%
2015
$4,466
-6%
$44,510
1%
2014
$4,767
-2%
$43,960
-21%
2018
$4,881
22%
$55,368
23%
2013
$3,985
—
$45,119
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by O'Neil Property Group, LLC

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642 E Chicago Street, Elgin, IL 60120 (MLS# 12731445) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 642 E Chicago Street is currently listed for $399,900 and was received on August 13, 2026. Want to learn more about 642 E Chicago Street? Do you have questions about finding other Multi-Family real estate for sale in Elgin? You can browse all Elgin real estate or contact a Coldwell Banker agent to request more information.

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